James Halstead PLC Pre Close Trading Statement (5371N)

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RNS Number : 5371N

James Halstead PLC

01 February 2016

1 February 2016

JAMES HALSTEAD PLC

Pre Close Trading Statement

James Halstead plc, the commercial flooring manufacturer and distributor, is providing the following trading update ahead of its interim results for the half-year to 31(st) December 2015.

In his AGM trading update, on 27 November 2015, Mr. Geoffrey Halstead noted that he had every expectation of progress in terms of profit despite the adverse effects of exchange rates.

Turnover has increased in each of the company's major markets on a constant currency basis though the translation of exports to sterling is against an adverse effect of 10-15%. Nevertheless the profit for the first 6 months trading is ahead of last year and in line with the board's expectations.

Confidence in the full year is unchanged and remains positive.

Enquiries:

 
 James Halstead                     0161 767 2500 
 Mark Halstead, Chief 
  Executive 
 Gordon Oliver, Finance 
  Director 
 
 Hudson Sandler                     020 7796 4133 
 Nick Lyon 
 
 Panmure Gordon (Nomad 
  and Joint Broker)                 020 7886 2500 
 Ben Thorne 
  Andrew Potts 
 Arden Partners (Joint 
  Broker) 
  Chris Hardie                      020 7614 5900 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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February 01, 2016 02:00 ET (07:00 GMT)